Eldorado, a consumer electronics and home appliances chain store, denies having any financial problems whatsoever.

‘We’d like to officially declare that any information related to the letters we allegedly sent to our suppliers asking them for a delay of payment is not true. Eldorado never sent any letters of this kind to any of its partners, and our finances are quite stable,’ Eldorado’s PR Manager Nadezhda Mikheeva said to an UrBC reporter.

In the meantime, Eldorado has been rumored to be experiencing certain financial difficulties and asking its business partners for unscheduled time credit.

UralBusinessConsulting Agency of Information and Analytics is going to keep an eye on how the events unfold.